Moneywise Financial Advisors Claims Guide
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Moneywise Financial Advisors, who trading from the Aberdeen area and beyond, are no-longer operating.
While they used to give pension advice, that all stopped then the watchdogs at the FCA took away their authorisation to do so, in relation to SIPPs – Self-Invested Personal pensions.
The FCA was pretty clear, saying that Moneywise must not: “carry on any regulated activities in relation to pension switches and/or pension transfers to any self-invested personal pension scheme, including completing pipeline business (see note (A) below), except where the member’s funds are to be invested wholly in standard investments (see note (B) below)”
The watchdog was clearly worried about what Moneywise was telling people to invest their pensions into.
Now, the company isn’t there anymore, having been dissolved.
But did you take their advice?
Have you checked to see if you can make a claim?
Did you invest in Storage Pods, Overseas Property, or other high-risk alternatives?
Can You Make A Moneywise Financial Advisors Claim?
Negligent financial advice given by Moneywise in the past is a matter of record. Since then, the FSCS has paid out thousands in compensation and if you took Moneywise’s pension advice, you may be able to make a claim.
If you:
- Transferred your pension to a SIPP
- Made high-risk investments
- Aren’t earning over £100k per year
- Aren’t a Sophisticated Investor
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.
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Let’s Rewrite Your Financial Story
We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.
We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.
When you get let down by someone you thought you could trust, it can leave its mark on you, emotionally and physically.
We are committed to transparency and fairness in the way we conduct with clients, including how we charge for our claims services.
Store First & Overseas Property
Moneywise is known to have mis-sold both Store Pod investments as well as overseas property through SIPP pensions.
Both of these types of schemes are HIGH RISK investments, not suitable for your average retail investor except in special circumstances.
As with many high-risk investments, some of the ones advised on by Moneywise are now in difficulty.
If you invested because of advice you received from Moneywise Financial Advisors, see if you can make a claim with the team at Spencer Churchill Claims Advice.
Moneywise Timeline
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Moneywise Created
2012
Moneywise Financial Advisors Ltd created
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Restrictions
2016
The FCA, apparently concerned about the advice Moneywise was giving, put restrictions on the firm so it couldn’t do any more damage.
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Enters Insolvency
2016
By March 2016, Moneywise had entered into insolvency proceedings, and was barrel rolling towards a Creditor’s voluntary Liquidation.
Related To Moneywise Financial Advisers
SOPHISTICATED INVESTOR
Do you have a wealth of knowledge and experience in investing?
HIGH NET-WORTH 1
Do you earn in excess of £100,000 per annum?
HIGH NET-WORTH 2
Or do you own £250,000 worth of investable assets?
Do you know how people complained about mis-sold investments and pensions in the last year?
A lot. Over twenty thousand complaints were made about mis-sold pensions and investments in 2020/21, a figure which had doubled since the year before.. It’s no secret how serious this problem is, and it just seems to keep getting worse.
Have You Been A Victim Of Financial Mis-Selling?
Reaching out for help is never easy,
especially if you’ve been misled in the past.
But getting in touch with us won’t commit you to anything. We want to toss you a lifeboat and guide you through the choppy waters of the financial ocean, not leave you struggling to stay afloat. Our experts are here to offer advice and support on financial claims. We know what we’re doing and you can trust that if you’ve got questions, we’ve got answers.
Spencer Churchill Claims Advice featured on:
Spencer Churchill Claims Advice Will:
- Speak to you in plain English
- Provide you with a dedicated claims specialist
- Pay attention to the small details of your case
- Keep you up to date with the status of your claim
- Make sure you understand our charges
- Do absolutely everything we can to win your claim
How does our claims process work?
Our claims process is dead easy, so we can sum it up in the four simple steps below:
What Types Of Claims Do We Handle?
Speak to an expert today
We have decades of experience in helping people claim back money that is rightfully theirs. Whether you want to make a mis-sold pension claim, have questions about a mis-sold investment, or you’re just looking for some advice you can trust – we’ve got you covered. Reach out to our team today for a no-obligation, completely free chat.
Office Hours:
Monday: 8:00am–6:00pm
Tuesday: 8:00am–6.00pm
Wednesday: 8:00am–6:00pm
Thursday: 8.00am–6.00pm
Friday: Office Closed